Progressive Building Society
Building SocietyProgressive Building Society is the largest locally headquartered building society in Northern Ireland, offering residential and buy-to-let mortgages. With a strong presence across Northern Ireland, they combine deep local market knowledge with competitive products for homebuyers and landlords in the region.
About Progressive Building Society
Progressive Building Society was founded in 1914 and is the largest locally headquartered building society in Northern Ireland. The society offers residential and buy-to-let mortgages with a strong presence across the region. Progressive combines deep local market knowledge with competitive products for homebuyers and landlords in Northern Ireland.
Progressive serves members through branches across Northern Ireland. The society has developed expertise in the regional property market and understands the unique aspects of Northern Ireland housing. Progressive offers products for first-time buyers, home movers, remortgagers, and landlords.
Progressive Building Society is regulated by the FCA and PRA and is a member of the Building Societies Association. The society has built a strong reputation in Northern Ireland and is a significant player in the regional mortgage market.
Lending Focus
Progressive Building Society offers mortgage products across 2 categories including Residential, Buy-to-Let.
Key Features
- Largest locally owned building society in Northern Ireland
- Residential mortgages up to 90% LTV
- Buy-to-let products for NI landlords
- Available through brokers and branch network
- Deep Northern Ireland property market expertise
Pros & Cons
Pros
- Largest locally owned building society in Northern Ireland
- Deep Northern Ireland property market expertise
- Both residential and buy-to-let products available
- Available through brokers and branch network
Cons
- –Primarily focused on Northern Ireland — limited mainland UK presence
- –No bridging, commercial, or specialist lending products
- –Smaller product range than UK-wide lenders
Fees & Charges
- Arrangement Fee
- Typically £499–£999 — varies by product
- Valuation Fee
- Varies by property value — quoted at application
- Early Repayment Charge
- Typically applies during fixed-rate period — varies by product
- Overpayment Allowance
- Up to 10% of outstanding balance per year
Mortgage Rates
Rate data coming soon. View rates on Progressive Building Society
| Product | Initial Rate | Type | Initial Term | Revert Rate |
|---|---|---|---|---|
| 2 Year Fixed | TBC | Fixed | 24 months | TBC |
| 5 Year Fixed | TBC | Fixed | 60 months | TBC |
| Tracker | TBC | Variable | 24 months | TBC |
Application Process
- Processing Time
- 3–6 weeks from application to offer
- Online DIP
- No — via broker or branch
- Offer Valid For
- 6 months from date of offer
Lending Criteria
- Maximum LTV
- 90%
Frequently Asked Questions
Does Progressive Building Society only lend in Northern Ireland?
Progressive Building Society primarily serves Northern Ireland borrowers and has deep expertise in the NI property market. Their lending is focused on properties in Northern Ireland.
Does Progressive Building Society offer buy-to-let mortgages?
Yes, Progressive Building Society provides buy-to-let products for landlords in Northern Ireland alongside their residential mortgage range.
What is the maximum LTV from Progressive Building Society?
Progressive Building Society offers residential mortgages up to 90% LTV for qualifying applicants.
Can I apply through a broker for a Progressive Building Society mortgage?
Yes, Progressive Building Society accepts applications through brokers as well as through their branch network across Northern Ireland.
How to Apply
Direct & broker access. Apply directly or via a broker for whole-of-market access. Find a broker
Similar Lenders
View all lenders| Name | Niches | Type | Max LTV |
|---|---|---|---|
| Cambridge Building Society | Residential, Buy-to-Let, Self Build+1 | Building Soc. | 95% |
| Chelsea Building Society | Residential, Buy-to-Let, Shared Ownership | Building Soc. | 95% |
| Harpenden Building Society | Residential, Buy-to-Let, Limited Company | Building Soc. | 80% |
| Nationwide Building Society | Residential, Buy-to-Let, Shared Ownership+1 | Building Soc. | 95% |
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Important: Your home may be repossessed if you do not keep up repayments on your mortgage. Information on this page is for general guidance only and does not constitute financial advice.Always verify lender details directly and seek independent advice before making financial decisions.
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